IHT Wealth Management LLC Has $3.46 Million Position in DNP Select Income Fund Inc. (NYSE:DNP)

IHT Wealth Management LLC cut its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 8.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 391,935 shares of the investment management company’s stock after selling 33,854 shares during the period. IHT Wealth Management LLC owned about 0.11% of DNP Select Income Fund worth $3,457,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of DNP Select Income Fund by 995.9% during the fourth quarter. Wells Fargo & Company MN now owns 1,578,766 shares of the investment management company’s stock worth $13,925,000 after purchasing an additional 1,434,708 shares during the period. Raymond James Financial Inc. bought a new position in DNP Select Income Fund during the 4th quarter worth $7,738,000. Kentucky Trust Co bought a new position in DNP Select Income Fund during the 4th quarter worth $5,598,000. Wolverine Asset Management LLC acquired a new position in DNP Select Income Fund during the 4th quarter worth about $2,915,000. Finally, Cohen & Steers Inc. grew its position in shares of DNP Select Income Fund by 104.4% in the 4th quarter. Cohen & Steers Inc. now owns 360,387 shares of the investment management company’s stock valued at $3,179,000 after buying an additional 184,064 shares during the last quarter. 8.51% of the stock is owned by institutional investors.

DNP Select Income Fund Stock Down 1.2 %

DNP Select Income Fund stock opened at $9.35 on Tuesday. The stock’s 50 day moving average is $9.47 and its 200 day moving average is $9.39. DNP Select Income Fund Inc. has a one year low of $8.02 and a one year high of $10.04.

DNP Select Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, May 12th. Stockholders of record on Wednesday, April 30th will be given a $0.065 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.34%.

Insider Activity

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of DNP Select Income Fund stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total value of $107,189.31. Following the completion of the transaction, the director now directly owns 5,344 shares of the company’s stock, valued at approximately $50,287.04. This trade represents a 68.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.06% of the company’s stock.

DNP Select Income Fund Profile

DNP Select Income Fund Inc is a closed ended balanced mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests in the public equity and fixed income markets of the United States. For the fixed income portion, the fund invests in bonds.